Journalise the following transactions High quality 3D printing Solutions, Kannur - Mr. Gokul commenced with capital like Cash Rs. 15,00,000,vehicle -Rs. 1,00,000,Building - Rs. 10,00,000 - Opened a bank account Rs. 50,000 - Purchased 3D Printing machine Rs. 65,000 - Purchased printing material Rs. 1,50,000 - Purchased 3D printing machine 2 Quantity @ Rs. 55,000 - Carriage on purchase paid Rs. 500 - Deposited into bank Rs. 5,00,000 Office renovated Rs. 1,50,000 - Purchased printing material Rs. 5,000 & issued cheque - Paid commission Rs. 1,000 - Paid salaries Rs. 60,000 - Paid telephone expenses Rs. 7,000 - Paid electricity bill Rs. 8,000 - Spent Rs. 450 for refreshment expenses - Travelling expenses for material inspections Rs. 1,500 - Internet service charge Rs. 450 - Printing service charge Rs. 80,000 (including all material cost also- sales) - Purchased office stationery Rs. 6,000 - Paid wages Rs. 65,000 - Paid electricity Rs. 8,500 - Paid telephone Rs. 7,250 - Printing service charge Rs. 1,00,000 Aster Ltd. as credit - Cash received Rs. 15,000 from Aster Ltd. - Material purchased from Ramnathan & Co. Rs. 50,000 - Returned material to Ramnathan & Co. due to damages Rs. 15,000 - Salary paid Rs. 50,000 - Wages Rs. 1,000 - Electricity Rs. 5,000 - Telephone Rs. 6,000 - Settled accounts of M/S Ramnath & Co. Rs. 33,000 - Purchased new motor vehicle Rs. 65,000 - Purchased new computer Rs. 75,000 - Cash received from Aster Rs. 15,000 - Printing service charge Rs. 50,000 credit-'New born baby Tex' - Commission paid Rs. 1,500 - Salary Rs. 60,000, Electricity Rs. 6,500, Telephone Rs. 5,000, Internet service Rs. 450 - Cheque received from New born baby Tex Rs. 48,000 & settled the account -Paid Rs. 600 for guest refreshment - Petrol expense for last 3 months Rs. 68,000 - Purchased material from Glassview Tech Rs. 75,000 - Printing service (including material) Rs. 1,05,000 Trade discount Rs. 5,000 allowed to Mr. Sanju as credit - Cash received from Mr. Sanju Rs. 50,000 - Cash deposited Rs. 50,000 Balance amount received from Sanju after allowing discount Rs. 2,000( through cheque) - Rs 5,000 advance received from KK Ltd. new project - Wages Rs. 1,200, Salary Rs. 65,000, Electricity Rs. 6,000, Telephone & internet Rs. 6,500 - Commission paid Rs. 500
Journalise the following transactions High quality 3D printing Solutions, Kannur - Mr. Gokul commenced with capital like Cash Rs. 15,00,000,vehicle -Rs. 1,00,000,Building - Rs. 10,00,000 - Opened a bank account Rs. 50,000 - Purchased 3D Printing machine Rs. 65,000 - Purchased printing material Rs. 1,50,000 - Purchased 3D printing machine 2 Quantity @ Rs. 55,000 - Carriage on purchase paid Rs. 500 - Deposited into bank Rs. 5,00,000 Office renovated Rs. 1,50,000 - Purchased printing material Rs. 5,000 & issued cheque - Paid commission Rs. 1,000 - Paid salaries Rs. 60,000 - Paid telephone expenses Rs. 7,000 - Paid electricity bill Rs. 8,000 - Spent Rs. 450 for refreshment expenses - Travelling expenses for material inspections Rs. 1,500 - Internet service charge Rs. 450 - Printing service charge Rs. 80,000 (including all material cost also- sales) - Purchased office stationery Rs. 6,000 - Paid wages Rs. 65,000 - Paid electricity Rs. 8,500 - Paid telephone Rs. 7,250 - Printing service charge Rs. 1,00,000 Aster Ltd. as credit - Cash received Rs. 15,000 from Aster Ltd. - Material purchased from Ramnathan & Co. Rs. 50,000 - Returned material to Ramnathan & Co. due to damages Rs. 15,000 - Salary paid Rs. 50,000 - Wages Rs. 1,000 - Electricity Rs. 5,000 - Telephone Rs. 6,000 - Settled accounts of M/S Ramnath & Co. Rs. 33,000 - Purchased new motor vehicle Rs. 65,000 - Purchased new computer Rs. 75,000 - Cash received from Aster Rs. 15,000 - Printing service charge Rs. 50,000 credit-'New born baby Tex' - Commission paid Rs. 1,500 - Salary Rs. 60,000, Electricity Rs. 6,500, Telephone Rs. 5,000, Internet service Rs. 450 - Cheque received from New born baby Tex Rs. 48,000 & settled the account -Paid Rs. 600 for guest refreshment - Petrol expense for last 3 months Rs. 68,000 - Purchased material from Glassview Tech Rs. 75,000 - Printing service (including material) Rs. 1,05,000 Trade discount Rs. 5,000 allowed to Mr. Sanju as credit - Cash received from Mr. Sanju Rs. 50,000 - Cash deposited Rs. 50,000 Balance amount received from Sanju after allowing discount Rs. 2,000( through cheque) - Rs 5,000 advance received from KK Ltd. new project - Wages Rs. 1,200, Salary Rs. 65,000, Electricity Rs. 6,000, Telephone & internet Rs. 6,500 - Commission paid Rs. 500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Journalise the following transactions
High quality 3D printing Solutions, Kannur
- Mr. Gokul commenced with capital like Cash Rs. 15,00,000,vehicle -Rs. 1,00,000,Building - Rs. 10,00,000
- Opened a bank account Rs. 50,000
- Purchased 3D Printing machine Rs. 65,000
- Purchased printing material Rs. 1,50,000
- Purchased 3D printing machine 2 Quantity @ Rs. 55,000
- Carriage on purchase paid Rs. 500
- Deposited into bank Rs. 5,00,000
Office renovated Rs. 1,50,000
- Purchased printing material Rs. 5,000 & issued cheque
- Paid commission Rs. 1,000
- Paid salaries Rs. 60,000
- Paid telephone expenses Rs. 7,000
- Paid electricity bill Rs. 8,000
- Spent Rs. 450 for refreshment expenses
- Travelling expenses for material inspections Rs. 1,500
- Internet service charge Rs. 450
- Printing service charge Rs. 80,000 (including all material cost also- sales)
- Purchased office stationery Rs. 6,000
- Paid wages Rs. 65,000
- Paid electricity Rs. 8,500
- Paid telephone Rs. 7,250
- Printing service charge Rs. 1,00,000 Aster Ltd. as credit
- Cash received Rs. 15,000 from Aster Ltd.
- Material purchased from Ramnathan & Co. Rs. 50,000
- Returned material to Ramnathan & Co. due to damages Rs. 15,000
- Salary paid Rs. 50,000
- Wages Rs. 1,000
- Electricity Rs. 5,000
- Telephone Rs. 6,000
- Settled accounts of M/S Ramnath & Co. Rs. 33,000
- Purchased new motor vehicle Rs. 65,000
- Purchased new computer Rs. 75,000
- Cash received from Aster Rs. 15,000
- Printing service charge Rs. 50,000 credit-'New born baby Tex'
- Commission paid Rs. 1,500
- Salary Rs. 60,000, Electricity Rs. 6,500, Telephone Rs. 5,000, Internet
service Rs. 450
- Cheque received from New born baby Tex Rs. 48,000 & settled the account
-Paid Rs. 600 for guest refreshment
- Petrol expense for last 3 months Rs. 68,000
- Purchased material from Glassview Tech Rs. 75,000
- Printing service (including material) Rs. 1,05,000 Trade discount Rs. 5,000 allowed to Mr. Sanju as credit
- Cash received from Mr. Sanju Rs. 50,000
- Cash deposited Rs. 50,000
Balance amount received from Sanju after allowing discount Rs. 2,000(
through cheque)
- Rs 5,000 advance received from KK Ltd. new project
- Wages Rs. 1,200, Salary Rs. 65,000, Electricity Rs. 6,000, Telephone &
internet Rs. 6,500
- Commission paid Rs. 500
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